CMN 170V Final with 100% correct answers rated A+
2024/2025
What is true with regard to positive- and negative network externalities: -
ANSWER -positive network externalities mean the more people, the more benefit
for everybody
Drawing from what we've just learned, is there an economic/commercial
motivation for online social networks to "connect everybody on planet Earth", or is
this pure philanthropy? - ANSWER -To increase the positive network externalities
of the social network
Correct
According to media richness theory, which of the following communication
channels would be best suited when discussing essential business decisions that
define the future of a company? - ANSWER -Video-conferencing
Correct
The "digital footprint" comes for free, but there might be problems of
representativeness. What might be a problem when using "Good morning"
greetings on social media as an estimation when people get up? Please think about
it.
(check all that apply)
(check all that apply) - ANSWER -Very early risers might not post at all: they are
too stressed
Correct
check_box
Late risers might not post at all: they are late already
Correct
check_box
Mainly young people do such a thing: most grandparents won't post "good
morning" on Twitter
Correct
,check_box
Some people might post sooner after getting up than others
Correct
In statistics: - ANSWER -radio_button_checked
the small n usually stands for a small sample of the larger universe of all subjects
N
Correct
Think about the footwear industry.
https://companiesmarketcap.com/footwear/largest-companies-by-market-cap/ Here
Nike is clearly larger than its closest competitor, Adidas.
Looking into it, we are likely to discover that it's on average cheaper for Nike to
produce and sell a pair of sneakers (even if we'd imagine it'd be exactly the same
pair). What are the reasons that contribute to this "economies of scale" advantage?
(check all that apply)
(check all that apply) - ANSWER -check_box
rent or purchase of real estate for production facility
Correct
check_box
payment of fixed salaries of managers and secretaries
Correct
check_box
rent or purchase of production facilities like conveyer belts
Correct
check_box
rent or purchase of business intelligence software, including ERP, SCM, CRM
and/or AI-based machine learning packages
Correct
check_box
cost involved in creating and maintining global contacts for distribution channels
Correct
Producing a product, like a car, requires an initial investment. For example, you,
as an entrepreneur, need to pay a fee to register your business. This is fee is
, independent of your plan to start producing much or little. Is this fee an example of
a "fixed cost" or a "variable/marginal cost"?
(check all that apply) - ANSWER -fixed cost
You increase your production and have to ship out many more packages now. The
cost of packaging and shipping physical items is an example of: - ANSWER -
variable/marginal cost
You employ different professionals in your company. Some of them, for example
the secretary, the Vice-President, or your tax accountant, get their money
independent from your productivity output. Others you only employ when they are
needed, like those paid by the hours (like servers in a restraurant or production
personell).
Are these kinds of payments an example of fixed cost or variable/maginal cost?
Correct - ANSWER -it depends on if these payments remain unchanged or change
with the production output
What is correct? In digital products, most costs are related to: - ANSWER -fixed
costs
Data fusion makes use of complementary data sources to fill out missing data
points, including different kinds of sources, such as images, audio and video. -
ANSWER -true
The difference between data lake and data hub is that: - ANSWER -
radio_button_checked
data lake contains raw data, while data hub clean/ standardized data
Correct
Wait, he said "Edward Snowden" something-something...
Who is "Edward Snowden" again? What happened in 2013 which had an important
effect on people's perspective of the digital age?
...if you don't know, please do a quick online search to answer this general
knowledge question... - ANSWER -radio_button_checked
2024/2025
What is true with regard to positive- and negative network externalities: -
ANSWER -positive network externalities mean the more people, the more benefit
for everybody
Drawing from what we've just learned, is there an economic/commercial
motivation for online social networks to "connect everybody on planet Earth", or is
this pure philanthropy? - ANSWER -To increase the positive network externalities
of the social network
Correct
According to media richness theory, which of the following communication
channels would be best suited when discussing essential business decisions that
define the future of a company? - ANSWER -Video-conferencing
Correct
The "digital footprint" comes for free, but there might be problems of
representativeness. What might be a problem when using "Good morning"
greetings on social media as an estimation when people get up? Please think about
it.
(check all that apply)
(check all that apply) - ANSWER -Very early risers might not post at all: they are
too stressed
Correct
check_box
Late risers might not post at all: they are late already
Correct
check_box
Mainly young people do such a thing: most grandparents won't post "good
morning" on Twitter
Correct
,check_box
Some people might post sooner after getting up than others
Correct
In statistics: - ANSWER -radio_button_checked
the small n usually stands for a small sample of the larger universe of all subjects
N
Correct
Think about the footwear industry.
https://companiesmarketcap.com/footwear/largest-companies-by-market-cap/ Here
Nike is clearly larger than its closest competitor, Adidas.
Looking into it, we are likely to discover that it's on average cheaper for Nike to
produce and sell a pair of sneakers (even if we'd imagine it'd be exactly the same
pair). What are the reasons that contribute to this "economies of scale" advantage?
(check all that apply)
(check all that apply) - ANSWER -check_box
rent or purchase of real estate for production facility
Correct
check_box
payment of fixed salaries of managers and secretaries
Correct
check_box
rent or purchase of production facilities like conveyer belts
Correct
check_box
rent or purchase of business intelligence software, including ERP, SCM, CRM
and/or AI-based machine learning packages
Correct
check_box
cost involved in creating and maintining global contacts for distribution channels
Correct
Producing a product, like a car, requires an initial investment. For example, you,
as an entrepreneur, need to pay a fee to register your business. This is fee is
, independent of your plan to start producing much or little. Is this fee an example of
a "fixed cost" or a "variable/marginal cost"?
(check all that apply) - ANSWER -fixed cost
You increase your production and have to ship out many more packages now. The
cost of packaging and shipping physical items is an example of: - ANSWER -
variable/marginal cost
You employ different professionals in your company. Some of them, for example
the secretary, the Vice-President, or your tax accountant, get their money
independent from your productivity output. Others you only employ when they are
needed, like those paid by the hours (like servers in a restraurant or production
personell).
Are these kinds of payments an example of fixed cost or variable/maginal cost?
Correct - ANSWER -it depends on if these payments remain unchanged or change
with the production output
What is correct? In digital products, most costs are related to: - ANSWER -fixed
costs
Data fusion makes use of complementary data sources to fill out missing data
points, including different kinds of sources, such as images, audio and video. -
ANSWER -true
The difference between data lake and data hub is that: - ANSWER -
radio_button_checked
data lake contains raw data, while data hub clean/ standardized data
Correct
Wait, he said "Edward Snowden" something-something...
Who is "Edward Snowden" again? What happened in 2013 which had an important
effect on people's perspective of the digital age?
...if you don't know, please do a quick online search to answer this general
knowledge question... - ANSWER -radio_button_checked
